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MTS Improves Loan Terms With Sberbank

25/05/2018

Moscow, Russian Federation - MTS PJSC ( MTS or the Company - NYSE: MBT; MOEX: MTSS), the leading Russian telecommunications operator and digital service provider, announces the restructuring of two existing loans from Sberbank of Russia for a total amount of RUB 35 bln. The restructuring allows a reduction of interest rates and an increase in tenor.

In December 2010, MTS raised a credit line for RUB 60 bln to refinance three previously granted loans from Sberbank of Russia, which were negotiated for the acquisition and further consolidation of COMSTAR - United TeleSystems JSC. The second credit line for RUB 40 bln, also granted in December 2010, provided necessary reserve of funds to implement the investment program related to 3G development in 2011, as well as optimized the Company's debt portfolio. As of May 25, 2018, the total amount of debt on these loans is RUB 35 bln. MTS has improved financing terms, reduced interest rates and increased maturity in relation to these loans.

Andrey Kamensky, Vice President, Finance, Investment and M&A, MTS, commented, MTS long-term financial strategy is focused on optimization of the Company's debt portfolio, which implies getting more favorable conditions both in terms of interest rates and maturity of debt instruments. Restructuring of loans on better terms with our longtime partner - Sberbank of Russia - once again proved the overall improvement of lending conditions on the Russian financial market in recent years.

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For further information, please contact in Moscow:

Joshua B. Tulgan

Director, Department of Corporate Finance and Investor Relations

Mobile TeleSystems PJSC

Tel: +7 495 223 2025

E-mail: ir@mts.ru

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/

* * *

Mobile TeleSystems PJSC ( MTS - NYSE:MBT; MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. We serve over 100 million mobile subscribers in Russia, Ukraine, Armenia, and Belarus, and about 9 million customers of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.mtsgsm.com.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as expect, believe, anticipate, estimate, intend, will, could, may or might, and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned Risk Factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

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